Forward Air Corp. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported May 1.
May 1, 2023Top 100 For-Hire | Less-Than-Truckload | Truckload/Dedicated | Intermodal/Drayage | Motor Vehicle/Driveaway | Tank/Bulk
Air/Expedited | Refrigerated | Flatbed/Heavy Specialized | Package/Courier | Household Goods/Commercial | Mail
Top Truckload/Dedicated Carriers
Rank | Company | Revenue (000) |
---|---|---|
1 | Knight-Swift Transportation | 3,471,064 |
2 | Landstar System | 2,791,494 |
3 | J.B. Hunt Transport Services | 2,580,506 |
4 | Schneider | 2,268,000 |
5 | Werner Enterprises | 1,881,323 |
6 | TFI International | 1,843,687 |
7 | U.S. Xpress Enterprises | 1,600,000 |
8 | Ryder Dedicated Transportation Solutions | 1,333,313 |
9 | CRST The Transportation Solution | 1,011,000 |
10 | Penske Logistics | 919,000 est |
11 | Crete Carrier Corp. | 860,000 |
12 | Celadon Trucking Services | 762,000 est |
13 | Mullen Group | 674,027 |
14 | Ruan | 648,539 |
15 | Cardinal Logistics | 648,000 |
16 | Heartland Express | 610,803 |
17 | Covenant Logistics Group | 591,900 |
18 | Canada Cartage | 501,659 |
19 | Universal Truckload | 434,834 |
20 | P.A.M. Transport | 426,609 |
21 | Western Express | 406,831 |
22 | Dart Transit Co. | 384,336 |
23 | Mesilla Valley Transportation | 383,950 |
24 | Bison Transport | 372,387 |
25 | NFI | 369,000 |
26 | USA Truck | 347,729 |
27 | Hub Group Dedicated | 292,857 |
28 | Cowan Systems | 292,572 |
29 | Challenger Motor Freight | 285,000 |
30 | Black Horse Carriers | 277,000 |
31 | Paschall Truck Lines | 259,000 |
32 | Day & Ross Freight | 256,161 |
33 | Martin Transportation Systems | 255,199 |
34 | Wilson Logistics | 250,000 |
35 | Evans Delivery | 245,606 |
36 | Roehl Transport | 237,681 |
37 | Southeastern Freight Lines | 228,067 |
38 | Marten Transport | 223,852 |
39 | Anderson Trucking Service | 217,180 |
40 | C.A.T. Inc. | 208,382 |
41 | Forward Air | 192,600 |
42 | Auto Lineas America | 191,100 |
43 | Averitt Express | 181,096 |
44 | Transportistas Unidos Mexicano | 158,800 |
45 | Stan Koch & Sons Trucking | 158,225 |
46 | Brown Trucking Co. | 155,000 |
47 | Transportadora Nacional | 153,300 |
48 | Pitt Ohio | 148,283 |
49 | Transportes Cuauhtemoc | 143,300 |
50 | Paper Transport | 142,882 |
51 | Titanium Transportation Group | 142,780 |
52 | Red Classic | 138,000 |
53 | Mercer Transportation | 137,008 |
54 | G&D Integrated | 130,700 |
55 | Legend Transportation | 127,000 |
56 | Artur Express | 125,950 |
57 | Trans-Mex Inc. | 125,000 |
58 | A.D. Transport Express | 120,000 |
59 | AAA Cooper Transportation | 119,000 |
60 | Cargo Transporters | 116,719 |
61 | Auto Lineas Regiomontanas | 109,900 |
62 | Kriska Transportation | 102,625 |
63 | Raven Transport | 102,000 est |
64 | System Freight | 99,249 |
65 | CalArk | 96,292 |
66 | J. Rayl Transport | 93,000 |
67 | Titan Transfer | 84,967 |
68 | Express Tres Fronteras | 80,000 |
69 | TransAmerica Express Logistics | 80,000 |
70 | Transportes Quintanilla | 73,400 |
71 | Transportes Especializados Antonio de la Torre e Hijos | 69,000 |
72 | Transportes de Nuevo Laredo | 65,600 |
73 | American Central Transport | 65,000 |
74 | Halvor Lines | 62,422 |
75 | Highlight Motor Group | 61,335 |
76 | Fleetmaster Express | 61,000 |
77 | Transportes Lar-Mex | 60,100 |
78 | Fletes Internacionales Coss | 57,800 |
79 | Transportes Lopez e Hijos | 48,900 |
80 | TRACOMEX | 47,700 |
81 | Transportes Elola | 44,400 |
82 | Transportes Internacionales JCV | 43,300 |
83 | Transportes Canales | 41,100 |
84 | A. Duie Pyle | 40,900 |
85 | Market Express | 40,815 |
86 | Alabama Motor Express | 37,500 |
87 | Centauros del Sureste | 35,700 |
88 | Transportes Unidos Tampiquenos | 35,600 |
89 | Autotransportes Rapidos de Aguascalientes | 35,400 |
90 | Wright Transportation | 35,400 |
91 | Grupo GOR | 35,200 |
92 | Blackhawk Transport | 32,482 |
93 | Autotransportes Dasa | 32,200 |
94 | Dupré Logistics | 28,318 |
95 | Atlas World Group | 24,500 |
96 | Meiborg Inc. | 24,000 |
97 | TGR Logistics | 23,000 |
98 | Schuster Co. | 20,800 |
99 | Transport Investments | 18,476 |
100 | IMC Logistics | 18,428 |
101 | ContainerPort Group | 15,000 |
102 | Brenny Transportation | 15,000 |
Top For-Hire Carriers on this list are common and contract freight carriers operating in the United States, Canada and Mexico. Companies are ranked on the basis of annual revenue. To be included in the Top 100 or any of the sectors, please send contact information to tteditor@ttnews.com. We will contact you via phone or e-mail to get information about your company prior to publication of the next Top 100 list.
Extras
On the Bubble
Forward Air Reports Revenue and Earnings Decline for Q1
FedEx Freight Plans Closure of 29 Locations
FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.
Penske to Acquire Michigan-Based Star Truck Rentals
Reading, Pa.-based Penske Truck Leasing plans to acquire Star Truck Rentals, a transportation services company that operates facilities in Indiana and Michigan.
Hub Group Reports Revenue and Earnings Decline for Q1
Hub Group Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27.
Universal Logistics Reports Weaker Q1 Amid Softening Market
Universal Logistics Holdings experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27.
Landstar Reports Revenue and Earnings Decline for Q1
Landstar System Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 26.
Ryder Q1 Profit Slides on Lower Used Vehicle Sale Prices
Lower used-vehicle sale prices and the U.K. market exit hurt profits at Ryder System Inc. in the three months ending March 31, it said, as results fell short of analyst expectations.
Wabash Q1 Profit Jumps as Sales, Order Backlog Soar
Profits at trailer manufacturer Wabash jumped year-over-year in the three months ending March 31 as sales and margins rose while order backlog soared.
TFI Reports Lower Income, Revenue
TFI International profits slid year-over-year in the three months ending March 31, with its top executive saying April 26 that conditions in the quarter were tougher than expected.
UPS Reports Lower Earnings as Consumer Spending Slows
UPS Inc. reported first-quarter earnings that were lower than those the Atlanta-based company posted in the same period in 2022 and were mixed when it came to Wall Street expectations.